Twitter stock falls to all-time low

Twitter stocks drop to concerning $13.90, worst since it went public.

@seanridgeley
Published Tue, May 3 2016 12:00 PM CDT   |   Updated Tue, Nov 3 2020 12:00 PM CST

Twitter's stocks dropped to $13.90 this morning according to Bloomberg, an all-time low since the company's public inception three years ago. It rose slightly to $13.99 later in the day, putting its market cap at $9.7 billion: a significant drop versus last week's $14 billion, which was estimated prior to the release of the company's quarterly results. As of press time, they sit at $14.08.

Twitter stock falls to all-time low | TweakTown.com

Things haven't been going well for Twitter lately, between a recent smattering of executive departures and a trend of dropping stock values. Months ago, The New Yorker went so far as to say the end is near for the social media service, while USA Today stated about the same time that it could go on for hundreds of years due in part to its $3 billion cash reserves. We're inclined to think the truth is somewhere in between.

NEWS SOURCES:cnet.com, bloomberg.com

Sean has a background in journalism, and has been using that to write about gaming and tech since 2008 - first for Neoseeker, then Rage3D, and now, TweakTown. As News Editor, Sean's job is to supply regular stories on the latest happenings in the tech world. He also writes tweak guides to help you get the most out of your PC games and hardware.

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